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Barnes Group Inc. (B - Free Report) is a manufacturer of precision metal parts as well as distributes industrial supplies worldwide. End-markets served include aerospace, transportation, industrial equipment, consumer products, packaging, electronics, medical devices, energy, medical/pharmaceutical, and personal care/health care industries. It currently has a $3.9 billion market capitalization.
However, this machinery company faces risks from regulatory issues in the aerospace business, unfavorable foreign currency movements and uncertain global economic conditions. Investors are eagerly waiting for the company’s latest earnings report.
The company’s financial performance in the last four quarters was impressive, with better-than-expected results in each. Average earnings surprise was a positive 11.60%.
Currently, Barnes Group sports a Zacks Rank #1 (Strong Buy), but that could definitely change after the release of its upcoming earnings report. You can see the complete list of today’s Zacks #1 Rank stocks here. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: Barnes Group’ adjusted earnings came in at 66 cents per share in third-quarter of 2017. The bottom line result lagged the Zacks Consensus Estimate of 69 cents per share.
Revenue: Revenues surpassed. Barnes Group generated revenues of $357 million, above the Zacks Consensus Estimate of $351.4 million.
Key Stats to Note: For 2017, Barnes Group anticipates organic revenue growth to be within 10.5-11.5% range and revenues from acquired assets to increase 5%. Total revenue is predicted to grow 15.5-16.5%. Adjusted earnings are anticipated to be within $2.84-$2.89 per share range.
Stock Price: Barnes Group shares were down 0.4% ahead of the report.
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
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Barnes Group (B) Lags Q3 Earnings, Tops Revenues
Barnes Group Inc. (B - Free Report) is a manufacturer of precision metal parts as well as distributes industrial supplies worldwide. End-markets served include aerospace, transportation, industrial equipment, consumer products, packaging, electronics, medical devices, energy, medical/pharmaceutical, and personal care/health care industries. It currently has a $3.9 billion market capitalization.
However, this machinery company faces risks from regulatory issues in the aerospace business, unfavorable foreign currency movements and uncertain global economic conditions. Investors are eagerly waiting for the company’s latest earnings report.
The company’s financial performance in the last four quarters was impressive, with better-than-expected results in each. Average earnings surprise was a positive 11.60%.
Currently, Barnes Group sports a Zacks Rank #1 (Strong Buy), but that could definitely change after the release of its upcoming earnings report. You can see the complete list of today’s Zacks #1 Rank stocks here. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: Barnes Group’ adjusted earnings came in at 66 cents per share in third-quarter of 2017. The bottom line result lagged the Zacks Consensus Estimate of 69 cents per share.
Revenue: Revenues surpassed. Barnes Group generated revenues of $357 million, above the Zacks Consensus Estimate of $351.4 million.
Key Stats to Note: For 2017, Barnes Group anticipates organic revenue growth to be within 10.5-11.5% range and revenues from acquired assets to increase 5%. Total revenue is predicted to grow 15.5-16.5%. Adjusted earnings are anticipated to be within $2.84-$2.89 per share range.
Stock Price: Barnes Group shares were down 0.4% ahead of the report.
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
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